Brightstar (Scotland) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC242848 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Brightstar (Scotland) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mrs Elaine Bone

SECRETARY:

Mr David Bone

REGISTERED OFFICE:

10 Fordyce Way

Auchterarder

Perthshire

PH3 1BE

REGISTERED NUMBER:

SC242848 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

2,643

4,408

CURRENT ASSETS

Debtors

5

32,027

75,147

Cash at bank

12,089

20,580

44,116

95,727

CREDITORS

Amounts falling due within one year

6

35,459

30,368

NET CURRENT ASSETS

8,657

65,359

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,300

69,767

PROVISIONS FOR LIABILITIES

-

934

NET ASSETS

11,300

68,833

CAPITAL AND RESERVES

Called up share capital

7

100

Share premium

8

110

Retained earnings

8

11,090

68,623

SHAREHOLDERS' FUNDS

11,300

68,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:

Mrs Elaine Bone - Director

1.	STATUTORY INFORMATION

Brightstar (Scotland) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

I confirm that in accordance with the Financial Reporting Council’s recommendations that I have carried out a rigorous assessment of the company and have reached a view after that assessment that the company is entitled to be considered a going concern and that these accounts properly reflect that status as a basis for preparation of the accounts.

In completing my assessment, I have considered a period of time which is greater than 1 year from today's date.

Based upon my assessment, I consider that the disclosure in the accounts is balanced, proportionate and clear and reflects the facts as established during my assessment of the next twelve months.

Turnover

Turnover is the amount derived from the ordinary activities of the company, after trade discounts and excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

50% on cost, 33% on cost, 25% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 February 2024

and 31 January 2025

308

6,542

2,000

13,801

22,651

DEPRECIATION

At 1 February 2024

308

3,969

1,340

12,626

18,243

Charge for year

-

448

400

917

1,765

At 31 January 2025

308

4,417

1,740

13,543

20,008

NET BOOK VALUE

At 31 January 2025

-

2,125

260

258

2,643

At 31 January 2024

-

2,573

660

1,175

4,408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

32,027

25,718

Other debtors

-

49,429

32,027

75,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

3,925

934

Taxation and social security

30,298

27,059

Other creditors

1,236

2,375

35,459

30,368

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

100

Ordinary

1

100

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 February 2024

68,623

110

68,733

Profit for the year

58,815

Dividends

(116,348

)

(116,348

)

At 31 January 2025

11,090

110

11,200

9.	RELATED PARTY DISCLOSURES

The director has an overdrawn loan account balance with the company amounting to £49,429 (2024: £49,429).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Elaine Bone.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

13 March 2025